Thayer Potter, who oversaw $207 million at Janney, has formed his own firm based in Lewisburg, Pa. with an office in Red Bank, N.J., according to the publication. Dubbed Twin River Wealth Management, the new practice affiliated with Wells Fargo FiNet, InvestmentNews reports. Potter had been with Janney since 2012 after a three-year stint at Morgan Stanley, according to the publication. He originally joined the securities industry in 1985 but quit after one year at Gibraltar Securities, InvestmentNews writes.

Meanwhile, RBC Wealth Management U.S. has picked up two advisors from Morgan Stanleyand UBS, WealthManagement.com reports. Alison Gardner, a 33-year industry vet who managed $125 million at Morgan Stanley, joins RBC’s Sarasota, Fla., office, according to the web publication. Todd Mitchell joins RBC’s Chicago Office fromUBS, where he oversaw $220 million, WealthManagement.com writes. RBC had said earlier this year that it was planning to recruit experienced reps, according to the web publication.

Mercer Advisors took a different approach from its rivals to bringing on new reps last week, acquiring financial planning and investment management firm Ray Mignone Associates, which oversaw $290 million, Mercer says in a press release.

Founder Ray Mignone, who became a certified financial planner back in 1989, says he joined Mercer to expand the firm’s services.

The acquisition brings Mercer’s assets under management to about $11.3 billion and expands Mercer’s presence in New York and southern Florida, the company says. Mignone’s firm has offices in Little Neck, N.Y., and Boynton Beach, Fla.